These sell for $1449 refurbished (still comes with 1yr Apple warranty) from Apple's own website when they have them in stock, so $1499 for a new one is pretty good (assuming the Macmall one is new with a full 1yr warranty).
This model has the 128MB 8600GT though as opposed to the 256MB/512MB 8600GT on the higher-end/newer Macbook Pros. Not sure if it matters to you or not.
It really depends on what you need. If you really really need the graphics chip, then yea that's a pretty good deal on an MBP. Otherwise, you're paying $1499 for a computer that's less powerful than a $1299 MacBook.
I have the Santa Rosa platform MacBook Pro, and to be honest I am super glad that I got this version. Working at Best Buy I get to play with all the new toys that we get, and I don't think that the Multi-touch trackpad has been perfected, so if you can get a MBP SR at that price, GET IT!
$1449 now. And you get $100 off a printer, just like Apple, and Parallels for free. Seems nice to me, minus the 4 rebates (computer, printer, parallels, and a mail in rebate for free shipping).